- This topic has 7 replies, 4 voices, and was last updated 5 years, 7 months ago by ClemSnide.
- 16 Aug '17 at 5:01 pm #11197
[article]141[/article]17 Aug '17 at 12:12 am #11206Assistanc3Participant
Several said inflation risk could be to the downside
and this is why I won’t expect the Fed to start unwinding in Sept17 Aug '17 at 12:29 am #11209
Agree – they are totally confused as to why it hasn’t responded to their textbooks17 Aug '17 at 12:55 am #11215
Reuters interview with Cleveland Fed Mester
Does not feel weak inflation should delay hikes
Feels the economy remains on track for steady growth and rising wages
“I am not there yet. I still think we need to start bringing back some of the accommodation,”17 Aug '17 at 1:02 am #11216
Mester is a hawk but is not voting this year – maybe a good thing 🙂17 Aug '17 at 1:14 am #11217Assistanc3Participant
wages increases are not keeping up with rent hikes
this is why delinquencies are starting to tick back up, specially in the auto
There’s a section of the auto-loan market — known in industry parlance as deep subprime — where delinquency rates have ticked up to levels last seen in 2007, according to data compiled by credit reporting bureau Equifax.
US aggregate household debt balances increased for the 12th consecutive quarter in Q2 to $12.84 trillion, a $114 billion (0.9%) increase from Q1, according to The Federal Reserve Bank of New York. Household debt is now 15.1% above what it was just four years ago.
…the Fed is on path to backdoor the United States into a recession17 Aug '17 at 1:36 am #11219CautiousInvestorKeymaster
[size=5]The USA $$$ is great again & solid, even with massive DEBT .. FOMC is doing a difficult “balancing act” as things can easily fall apart on a major geopolitcal, storm, or economic event. Still, I’m glad to be making some great 401k $$$ — during what I think are difficult & tense times…. Economic outlooks are promising & FED is offering carefully TIMED moves so as not to hurt MAIN STREET.
P.S. Actually, FOMC is looking out for for “main street folks” better than most other branches of GOVT currently :)[/size]17 Aug '17 at 4:00 am #11221ClemSnideParticipant
Very good points – the middle class getting crushed and the rich get richer
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